Follow the Money: Who Funds Montana’s Senate Race · Alani Bankhead
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Follow the Money

Montana U.S. Senate 2026. Who is paying for each campaign, and who is spending to help or hurt it. Every number comes from FEC filings, and each candidate has a page with the details and the sources.

Alani Bankhead

Democrat
Raised by quarter
2025
$5,318
Jan. to March 2026
$9,312
April to June
$44,312
July to Sept.
$113,680
Total raised
$172,622
Cash on hand, Sept. 30
$32,563
Itemized dollars from Montana
60%
Corporate PAC money
$0
Outside money for her
$3,235,190
Outside money against her
$358,232*

No corporate PAC money, and most of her itemized dollars come from Montanans. The outside money for her was all spent in the primary, on TV, mail and online ads paid for by a PAC funded by Bodnar’s network and by a Republican super PAC. Since the primary: $1,298.

* That is only what groups reported as spending against her. Independent PAC filed its attack mailers and ads against Alani as spending for Bodnar, so none of them are counted here. The real number is higher. See the mailers.

See her donors

Seth Bodnar

Independent
Raised by quarter
2025
$0
Jan. to March 2026
$1,358,575
April to June
$1,879,576
July to Sept.
$1,445,984
Total raised
$4,684,135
Cash on hand, Sept. 30
$745,105
Itemized dollars from Montana
36%
Corporate PAC money
$0
Outside money for him
$8,393,115
Outside money against him
$1,974,551

He launched March 4 and raised $1.36 million by March 31. A front-loaded launch: his report shows $439,620 from named donors by March 5, including $142,500 dated before launch day. 54 people gave $3,500 or more in those first days. One was crypto CEO Michael Novogratz, who nine days after the launch gave $200,000 to Way Back PAC, the pass-through that funds Bodnar’s super PAC.

$8.4 million in outside money for him. Trace it back and you reach nonprofits that hide their donors, a tech company and a handful of millionaires and billionaires.

See the network

Kurt Alme

Republican
Raised by quarter
2025
$0
Jan. to March 2026
$924,644
April to June
$1,060,217
July to Sept.
$880,805
Total raised
$2,865,666
Cash on hand, Sept. 30
$840,199
Itemized dollars from Montana
45%
Corporate PAC money
$222,500
Outside money for him
$3,258,021
Outside money against him
$1,037,727

51 corporate PACs, about 40 leadership PACs run by Republican members of Congress, and $3.3 million in outside spending led by the Koch network’s AFP Action.

See his donors

Kyle Austin

Libertarian
Raised by quarter
2025
$6,790
Jan. to March 2026
$250,527
April to June
$100
July to Sept.
$11,199
Total raised
$268,615
Cash on hand, Sept. 30
$7,896
Itemized dollars from Montana
100%
Corporate PAC money
$0
Outside money for him
$0
Outside money against him
$0

A self-funded campaign: $261,000 of his own money and loans this cycle, and $1,138 from individual donors. His only itemized donor lives in Billings. Nearly all of his third-quarter money was his own loans.

See the filings
Check it yourself: C00937201 Friends of Alani Bankhead · C00941708 Seth Bodnar for Montana · C00942060 Alme for Senate · C00870352 Austin for Congress (Kyle Austin’s Senate committee). Figures pulled from FEC filings on Oct. 17, 2026.